W B & Candace Thoman Foundation
- Assets
- $2.2m
- Revenue
- $93.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 08/1968
- Data as of
- 12/2023
- EIN
- 23-7029842
Organization Overview
W B & Candace Thoman Foundation is located in Lansing, MI. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W B & Candace Thoman Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, W B & Candace Thoman Foundation generated $93.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $74.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, W B & Candace Thoman Foundation has awarded 31 individual grants totaling $316,751. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick M Baker Jr President | 0 | $0 | |
Helen Pratt Mickens Secretary | 0 | $0 | |
Claudia Remenar Treasurer | 0 | $0 | |
Rita Proctor Canady Trustee | 0 | $0 | |
Steven L Lonzo Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,845 |
| Dividends & Interest | $67,049 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,494 |
| Capital Gain Net Income | $19,494 |
| Net ST Capital Gain | $13,777 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $93,388 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $817 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $39,227 |
| Contributions, gifts, grants paid | $34,853 |
| Total expenses and disbursements | $74,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,249 |
| Savings and temporary cash investments | $33,419 |
| Net Accounts receivable | $806 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,189,499 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, W B & Candace Thoman Foundation has awarded $34,853 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
IMPRESSION 5 MUSEUM PURPOSE: $10,000 ADMISSION FOR LANSING STEM/STEAM AND BIG SCIENCE LESSON, $3,000 MEMBERSHIP AND L.A.B.S. SCHOLARSHIPS FOR THOMAN SCHOLARS, AND $2,000 PROGRAMS, MEETINGS, AND MATERIALS FOR THOMAN SCHOLARS AND YOUTH ACTION COUNCIL | $15,000 |
EVERETT HIGH SCHOOL PURPOSE: THEATER DEPARTMENT - THREE PROGRAMS | $4,313 |
MIKEY 23 FOUNDATION INC PURPOSE: YOUTH IN TRAINING PROGRAM, 28 STUDENTS | $15,540 |